$2,900,000
SOLD APR 16, 2025
5 Beds
3 Baths
1,805 Sq Ft
2,300 Sq Ft Lot

Recently Sold

$1,607 Per Sq Ft

5% Above List Price

16 Days on Market

Highlights

  • Laundry Room
  • Bike Trail
  • 1-minute walk to 38th Street Park
  • Newport Elementary School Rated A
  • Rectangular Lot

About This Home

As of April 2025

Welcome to this unique investment opportunity in the heart of Newport Beach, California! This duplex is brimming with potential, offering two separate units that are perfect for those looking to bring their creative vision to life. Unit 1 is comprised of 3 bedrooms and 2 bathroom, while unit 2 is comprised of 2 bedrooms and 1 bathrooms. Whether you're an investor seeking a property with strong rental income potential or a buyer looking to craft your dream home, this property has endless possibilities.
Located just a short walk from Newport Beach's world-famous coastline, vibrant shops, dining, and entertainment, this duplex is ideally positioned to take advantage of everything this sought-after area has to offer. The units have classic charm, awaiting a full renovation to unlock their true potential.

Last Agent to Sell the Property

Teresa Gorman

Fiduciary Real Estate Services Brokerage Phone: 949-436-3105 License #00969257 Listed on: 02/24/2025

Co-Listed By

Logan Martinez

Fiduciary Real Estate Services Brokerage Phone: 949-436-3105 License #01960924

Last Buyer's Agent

Arthur Ambarchyan

Keller Williams R. E. Services License #01351863

Keller Williams R. E. Services

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 2,300 Sq Ft Lot
  • No Common Walls
  • Rectangular Lot

Parking

  • 2 Car Garage

Home Design

  • Duplex
  • Entry on the 1st floor

Interior Spaces

  • 1,805 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Legal Lot and Block 22 / 37
  • Tax Tract Number 670
  • Assessor Parcel Number 42332319

Community Details

Overview

  • 2 Buildings
  • 2 Units
  • Balboa Peninsula Subdivision

Recreation

  • Water Sports
  • Bike Trail

Building Details

  • Rent Control
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 1 Separate Water Meter

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Property Attached: No
  • Subdivision Name Other: Balboa Peninsula (Residential) (BALP)
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 42332319
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 1606.65

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 2.00

Utilities

  • Laundry: Yes
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Watersports, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 2300.00
  • Lot Size Acres: 0.0528

Multi Family

  • Lot Size Area: 2300.0000 Square Feet
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 2
  • Rent Control: Yes

Tax Info

  • Tax Block: 37
  • Tax Census Tract: 635.00
  • Tax Lot: 22
  • Tax Tract Number: 670
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Sold $2,900,000 +5.5% $1,607 / Sq Ft
03/13/2025 03/13/25 Pending -- -- --
02/24/2025 02/24/25 For Sale $2,750,000 -- $1,524 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,756 $117,196 $78,452 $38,744
2024 $1,756 $114,899 $76,914 $37,985
2023 $1,709 $112,647 $75,406 $37,241
2022 $1,674 $110,439 $73,928 $36,511
2021 $1,646 $108,274 $72,478 $35,796
2020 $1,629 $107,164 $71,735 $35,429
2019 $1,605 $105,063 $70,328 $34,735
2018 $1,577 $103,003 $68,949 $34,054
2017 $1,552 $100,984 $67,597 $33,387
2016 $1,522 $99,004 $66,271 $32,733
2015 $1,505 $97,517 $65,275 $32,242
2014 $1,471 $95,607 $63,996 $31,611
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25028222

California Regional Multiple Listing Service (CRMLS)

APN: 423-323-19